The “Options Action” traders share three options trading strategies to kick off the week.
Mike Khouw recommends a put calendar in Snap.
Carter Worth and Mike Khouw like Disney.
Dan Nathan recommends a call spread risk reversal in Advanced Micro.
Trader disclosure: On August 3, 2018, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Options Action” were owned by the “Options Action” traders: Dan Nathan is long XLF Sept put spread. Dan is Long T Oct call spread. Dan is long IWM aug put spread. Dan is long CAT put spread. Dan is long QQQ Sept put spread. Mike Khouw is long S&P, HAL. Bearish on TSLA.